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ETFs

Invesco Exchange-Traded Fund Trust II Invesco Nasdaq Biotechnology ETF

IBBQ
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 11, 2021
Expense Ratio
0.19%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$125,364
AUM
$16,597,445
Associated Index
NASDAQ Biotechnology Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with IBBQ
Trade IBBQ Options

What is IBBQ?

The Invesco Nasdaq Biotechnology ETF (Fund) is based on the Nasdaq Biotechnology Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The Fund and the Index are reconstituted annually in December and rebalanced quarterly in March, June, September and December.

1M
3M
6M
YTD
1Y
3Y
Max
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IBBQ
Performance Measures**

for the time period Jun 11, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 9.9%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 21.2%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -37.9%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 21.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.27

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.09

The annualized return divided by the max drawdown for the selected time period.

ETFs related toIBBQ

ETFs correlated to IBBQ include IBB, FBT, XBI

IBBQ
Invesco Exchange-Traded Fund Trust II - Invesco Nasdaq Biotechnology ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
XBI
SPDR Series Trust - SPDR Biotech ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
GNOM
Global X Funds - Global X Genomics & Biotechnology ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
XPH
SPDR Series Trust - SPDR Pharmaceuticals ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

IBBQ is a US Equities ETF. The Invesco Nasdaq Biotechnology ETF (Fund) is based on the Nasdaq Biotechnology Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The Fund and the Index are reconstituted annually in December and rebalanced quarterly in March, June, September and December.

IBBQ tracks the NASDAQ Biotechnology Index.

No, IBBQ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IBBQ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IBBQ is -0.0314%. This is the percent change in the value of IBBQ over the most recent 1-month period. The 3-month return on IBBQ is -0.0342%. This is the percent change in the value of IBBQ over the most recent 3-month period.

The standard deviation of IBBQ for the past year is 0.1882%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IBBQ include BIS, XLI, and XLY.

ETFs correlated to IBBQ include IBB, FBT, and XBI.

ETFs that are inversely correlated to IBBQ include LABD, SRTY, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.